Obama: China currency could rise ‘significantly’
TORONTO, June 28 — US President Barack Obama said on Sunday he believes China is serious on its pledge of greater currency flexibility and that the yuan will rise “significantly” on foreign exchange markets. “We didn’t expect a 20-per cent revaluation in a week. That would be disruptive to the Chinese economy. It would be disruptive to the world …

Read more on The Malaysian Insider